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InvestorNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) WAVE Bringing Park-and-Charge Simplicity to Grants Pass, Oregon
June 22, 2022

InvestorNewsBreaks – Ideanomics Inc.’s (NASDAQ: IDEX) WAVE Bringing Park-and-Charge Simplicity to Grants Pass, Oregon

WAVE is a wholly-owned subsidiary of Ideanomics (NASDAQ: IDEX) and developer of high-power, wireless inductive charging solutions for medium- and heavy-duty commercial vehicles. The company today announced that Josephine Community Transit (“JCT”) expanded its original order from a single charger to four 125kW depot chargers in Grants Pass, Oregon. According to the update, Ideanomics Energy will manage all construction related to deploying the depot charging systems in addition to installing WAVE’s wireless charging system. “Having run our electric buses with plug-in chargers for a few years now, we’ve experienced first-hand the challenges of managing cables,” said Scott Chancey, transit manager of Josephine Community Transit. “Replacing plugs-ins with WAVE will allow us to expand our fleet within our existing space while bringing park-and-charge simplicity to our depot operations.”

To view the full press release, visit https://ibn.fm/61NTI

About Ideanomics Inc.

Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation and financial services, Ideanomics provides the solutions needed for the commercial world to commit to an EV future. For more information about the company, visit www.Ideanomics.com.

NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX

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